The San Ramon Market (East)

What the heck is going on in the Real Estate Market?

The Appraiser’s Appraisal

San Ramon (East)

Sold past 1-6 months (n=275) median (med) $1,720,000 Days on Market (DOM)=12

Sold past 7-12 months (n=270) med $1,690,500 DOM=6

This suggests a primary (year) change of -1.745% (stable – change of less than 2%).

Sold past 1-3 months (n=144) med $1,620,000 DOM=23

Sold past 4-6 months (n=131) med $1,780,000 DOM=8

This suggests a secondary (quarter to quarter) change of -8.989%.

There are 37 current active listings ranging from $498,000 to $3,099,999 with median DOM at 26 days.  Range 2 – 175.

There are 27 pending listings (in contract) ranging from $625,000 to $2,350,000 with median DOM at 18 days.  Range 1 – 100 days.

So, what’s going on?   The 9/21 review of this area suggested a primary increase of 10.429% and a secondary decrease of 26.667%.   The primary trend appears to have gone flat and the secondary decrease has moderated.  Days on market are up as well.  Regardless, the secondary moderation appears to be forming a pattern.  This could be a sign of markets leveling off.  Again, we will have to wait and see…

Where should we look next?

Want to know what’s going on in a different market or sub-market? Just ask!

Appraiser legal stuff:

Data is from EBRDMLS and includes the city of San Ramon North of the City of Dublin, South of South of Crow Canyon Rd, East of Alcosta/Village Pkwy and West of the City Limits, all MLS residential listings, effective as of 11/03/2022

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